Chuck-A-Luck

The Few Retail Standouts

Nordstrom et. al. (luxury dept. stores) will feel the pain longer than the general economy. Cheap money created a nation of sophisticated yokels driving 8 mpg vans, eating $40 steaks, and wearing $200 blue jeans.
That time is over, and may not return for a long while.
The drunken frat-rat party of the Bush II administration has left a bad taste in our mouth. Woolen plaid shirts and sensible shoes will be more in vogue than acid-washed, pre-faded, pre-worn-out jeans.
Do they still have a piano player at Nordstrom's?